The case involves an appeal against an order dated 2022-03-15 passed by the Adjudicating Authority (National Company Law Tribunal), which admitted an application filed under Section 9 of the Insolvency and Bankruptcy Code (IBC) by the Operational Creditor. The Appellant filed an appeal, and during the pendency of the appeal, the parties reached a settlement. The settlement was brought on record, and the Appellant filed I.A No. 873 of 2022 to record the settlement with the Operational Creditor dated 2022-03-27. The order dated 2022-03-15 was uploaded after court hours on 2022-03-24, and the IRP issued a public notice on 2022-03-25. The CoC was not constituted, and no further steps were taken.
Sh. Manoj Kumar Singh filed an appeal against M/s. EBPL Ventures Pvt. Ltd. The Adjudicating Authority (National Company Law Tribunal) had admitted an application under Section 9 of the IBC filed by the Operational Creditor (EBPL Ventures Pvt. Ltd.). During the appeal process, the parties reached a settlement dated 2022-03-27, and the Appellant filed I.A No. 873 of 2022 to bring the settlement on record. The order dated 2022-03-15, which admitted the application under Section 9, was uploaded after court hours on 2022-03-24. The IRP issued a public notice on 2022-03-25. The IRP claimed entitlement to miscellaneous expenses. The settlement amount was paid by Demand Draft dated 2022-03-25, less TDS.
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The Adjudicating Authority (National Company…
The order of 2022-03-15…
The case involves an appeal against an order dated 2022-03-15 passed by the Adjudicating Authority (National Company Law Tribunal), which admitted an application filed under Section 9 of the Insolvency and Bankruptcy Code (IBC) by the Operational Creditor. The Appellant filed an appeal, and during the pendency of the appeal, the parties reached a settlement. The settlement was brought on record, and the Appellant filed I.A No. 873 of 2022 to record the settlement with the Operational Creditor dated 2022-03-27. The order dated 2022-03-15 was uploaded after court hours on 2022-03-24, and the IRP issued a public notice on 2022-03-25. The CoC was not constituted, and no further steps were taken.
Sh. Manoj Kumar Singh filed an appeal against M/s. EBPL Ventures Pvt. Ltd. The Adjudicating Authority (National Company Law Tribunal) had admitted an application under Section 9 of the IBC filed by the Operational Creditor (EBPL Ventures Pvt. Ltd.). During the appeal process, the parties reached a settlement dated 2022-03-27, and the Appellant filed I.A No. 873 of 2022 to bring the settlement on record. The order dated 2022-03-15, which admitted the application under Section 9, was uploaded after court hours on 2022-03-24. The IRP issued a public notice on 2022-03-25. The IRP claimed entitlement to miscellaneous expenses. The settlement amount was paid by Demand Draft dated 2022-03-25, less TDS.
The Adjudicating Authority (National Company…
The order of 2022-03-15…